Global Optical Satellite Communication Market, By Laser Types (AIGaAs Laser Diode, CO2 Laser, Microwave Laser, Silex Laser, YAG Laser), Components (Demodulator, Modulator, Receivers, Transmitters, Other Components), Transmission Mediums (Wireless, Intersatellite Links), Sales Channels (Distributors, Traders and Dealers), Application (Backhaul, Earth Observation, Enterprise Connectivity, Last Mile Access, Research and Space Exploration, Surveillance and Security, Telecommunication, Tracking and Monitoring, Other Applications) - Industry Trends and Forecast to 2029
Market Analysis and Size
Optical satellite communication has gained wide prominence due to the numerous advantages offered by the technology. Easy construction of network topology, higher data rates, lower deployment cost, and efficient use of network resources are some of the benefits.
Global Optical Satellite Communication Market was valued at USD 7.52 billion in 2021 and is expected to reach USD 35.25 billion by 2029, registering a CAGR of 21.30% during the forecast period of 2022-2029. Telecommunication is expected to witness high growth during the forecast period owing to the rise in the sector with growing population. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
Optical satellite communication is also termed as free-space optical communication, using an optical system. This optical communication technology makes use of light burgeoning in free space to transfer data for computer setup and telecom remotely.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Laser Types (AIGaAs Laser Diode, CO2 Laser, Microwave Laser, Silex Laser, YAG Laser), Components (Demodulator, Modulator, Receivers, Transmitters, Other Components), Transmission Mediums (Wireless, Intersatellite Links), Sales Channels (Distributors, Traders and Dealers), Application (Backhaul, Earth Observation, Enterprise Connectivity, Last Mile Access, Research and Space Exploration, Surveillance and Security, Telecommunication, Tracking and Monitoring, Other Applications)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Analytical Space, Inc. (US), ATLAS Space Operations, Inc. (US), National Aeronautics and Space Administration (US), BridgeSat Inc. (US), Maxar Technologies (US), Mitsubishi Electric Corporation (Japan), SITAEL S.p.A. (Japan), Ball Aerospace & Technologies (US), Mynaric (Germany), Laser Light Communications (US), Hisdesat Servicios Estratégicos, S.A. (Spain), among others
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Market Opportunities
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Optical Satellite Communication Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Increase in Mobile Phone Users
The increase in number of mobile phone users across the globe acts as one of the major factors driving the optical satellite communication market. Also, rapid digitization across various industries demand services such as surveillance and security, and enterprise connectivity, among others drives the market growth.
- Rise in Demand for Multimedia Services
The rise in demand for multimedia services such as audio-on-demand, peer-to-peer, and video-on-demand accelerate the market growth. Also, adoption of several advanced technology such as machine to machine communication and internet of things assist in the expansion of the market.
- Rise in Public Spending
The surge in the public spending on advanced versatile communication technologies further influence the market. The increase in the need for reliable communication among end users has a positive impact on the growth of the market.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the optical satellite communication market.
Opportunities
Furthermore, emergence of next generation mobile network (5G) requires high data rate (high speed and bandwidth capacity) extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, increase in high network bandwidth at lower costs will further expand the market.
Restraints/Challenges
On the other hand, high cost associated with the implementation and lack of technical expertise are expected to obstruct market growth. The time delay decreases work efficiency of optical satellite communication is projected to challenge the optical satellite communication market in the forecast period of 2022-2029.
This optical satellite communication market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on optical satellite communication market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Optical Satellite Communication Market
COVID-19 impacted the optical satellite communication market owing to the global lockdowns and restrictions imposed across various regions to contain the spread of virus. Optical satellite communication witnessed low impact due to high use of mobile phone. The technology is being highly deployed as it helps to set up proper communication using high bit rate. Optical satellite communication is capable of providing high network bandwidth at a low cost. The optical satellite communication market is expected to witness high growth in the post-pandemic scenario because of the increase in multimedia services such as peer-to-peer video-on-demand and audio-on-demand.
Recent Developments
- NASA launched Laser Communications Relay Demonstration (LCRD) in January’2021. The LCRD possesses unique capabilities of optical communications, and is useful in NASA's first two-way laser relay communications system.
Global Optical Satellite Communication Market Scope and Market Size
The optical satellite communication market is segmented on the basis of laser types, components, transmission mediums, sales channels and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Laser Types
- AIGaAs Laser Diode
- CO2 Laser
- Microwave Laser
- Silex Laser
- YAG laser
Components
- Demodulator
- Modulator
- Receivers
- Transmitters
- Other Components
Transmission Mediums
- Wireless
- Intersatellite Links
Sales Channels
- Distributors
- Traders
- Dealers
Application
- Backhaul
- Earth Observation
- Enterprise Connectivity
- Last Mile Access
- Research and Space Exploration
- Surveillance and Security
- Telecommunication
- Tracking and Monitoring
- Other Applications
Optical Satellite Communication Market Regional Analysis/Insights
The optical satellite communication market is analysed and market size insights and trends are provided by country, laser types, components, transmission mediums, sales channels and application as referred above.
The countries covered in the optical satellite communication market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the optical satellite communication market due to the swift growth in the telecommunication sector and high adoption of advanced technologies within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the increase in the usage of mobile phones and rise in number of digital satellite broadcasting in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Optical Satellite Communication Market
The optical satellite communication market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to optical satellite communication market.
Some of the major players operating in optical satellite communication market are
- Analytical Space, Inc. (US)
- ATLAS Space Operations, Inc. (US)
- National Aeronautics and Space Administration (US)
- BridgeSat Inc. (US)
- Maxar Technologies (US)
- Mitsubishi Electric Corporation (Japan)
- SITAEL S.p.A. (Japan)
- Ball Aerospace & Technologies (US)
- Mynaric (Germany)
- Laser Light Communications (US)
- Hisdesat Servicios Estratégicos, S.A. (Spain)
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